Olde Towne Master Owners Association Inc

Key facts from Olde Towne Master Owners Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Olde Towne Master Owners Association, Inc. (Section 1.6)

Developer / declarant

Olde Towne WEH LP, a North Carolina limited partnership (Declaration opening paragraph)

Governing law

North Carolina Planned Community Act, Chapter 47F of the North Carolina General Statutes (Preamble; Section 1.1)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; foreclosure may be by power of sale in like manner as a deed of trust, under NCGS 47F, or judicial foreclosure (Section 6.13)

Reserves & fees

Greater of 10% of unpaid assessment or $20.00 per month (Section 6.10)

Pets

Dogs, cats, or other household pets; not for commercial purpose (Section 10.12)

Leasing & rentals

Yes, with written lease subject to Declaration and Association rules (Section 5.4)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.